What two additional Ps of the marketing mix relate to the triple bottom line?
What will be an ideal response?
The people P encompasses all of the individuals who were involved in the production and co-creation, service, and consumption of a product as well as all stakeholders affected by the marketer's product or message. The planet P refers to the environmental impact of a product.
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Seadrill Engineering licensed software to oil-drilling firms for 5 years. In addition to providing the software, the company also provides consulting services and support to ensure smooth operation of the software. The total transaction price is $420,000. Based on standalone values, the company estimates the consulting services and support have a value of $120,000 and the software license has a value of $300,000. Assuming the performance obligations are not interdependent and licensed software is delivered and consulting service will be provided over 5 years, the journal entry to record the transaction includes:
a. a credit to Sales Revenue for $300,000 and a credit to Unearned Service Revenue of $120,000. b. a credit to Service Revenue of $120,000. c. a credit to Unearned Service Revenue of $300,000. d. a credit to Sales Revenue of $420,000.
A system in which each shareholder votes the number of shares he or she owns on candidates for each of the positions open is known as cumulative voting
Indicate whether the statement is true or false